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if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
before from republicans. is that true? >> largely true but there is one huge difference. that is the tax increases that have already gone into effect on january the 1st. paul ryan budget accepts the increases. it does not attempt to change them. in other words he is not rehashing the whole fiscal cliff debate. he is accepting that, yes, we've got these higher tax rates in place. we all keep them. that's a huge difference from where he was before the election. martha: he includes tax cuts, tax hikes, i should say but doesn't include obamacare. he would like to see that go. >> he wants that out of here. >> stuart, thank you very much. bill: you've been waiting 1400 days and finally we got a budget. so now we know. martha: it is exciting. takes less time to pick a pope. put it that way. at least we think so. bill: in the modern day. martha: exactly. bill: in "america's newsroom" the new polling shows public view since the election. is the honeymoon over? some numbers tell a very interesting story on that topic. martha: this one is not going away, folks. the fight whether or not you can brin
medicaid turns medicare into a voucher program. it gives the wealthiest of americans yet another tax break and it repeals obamacare. it will get passed by the house. it will go nowhere in the senate. it is dead on arrival. but the republicans keep putting this out there. we will tell you about that and, of course, take your calls and get you a chance to get involved in the conversation. give us a call on our toll-free line at 866-557-7377. did we tell you? it looks like there was life on mars. whoa! coming up on current tv. [ music ] (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. this show is about analyzing criticizing, and holding policy to the fire. are you encouraged by what you heard the
the ryan plan and murray plan, that would create a fast-track process that would allow big tax and entitlement package to happen but that will obama happen, chris, if both parties agree and, of course, that has just not happened so far. >> yeah. speaking of not agreeing, let me play for you what paul ryan had to say this morning on "morning joe". >> i don't think patty's budget gives a lot of room for that common ground but i think this is where the president can get engaged, which is we can find common ground on spending cuts towards getting our debt stabilized. >> shira, will the budget process lend itself to negotiating? >> i don't think the regular budget process lends itself on this scale. two sides are so far apart right now. that said, i'm not even sure the president is the right person to negotiate any kind of package right now. we'll see how his visit goes with house republicans today. i'd love to be a fly on that wall in that room to see how that goes. i don't know if he's in the right position to do it. i think it needs to come, if anywhere, from the senate side. the
taxes approved in january. but 1.8 trillion would come from repealing the president's signature health care law. in addition the plan convers medicaid to a block grant to the states and reduces its federal funding share. ryan also proposed, as he has in the past, transforming medicare by giving seniors a fixed amount to purchase traditional program coverage or a private plan. last year's republican vice presidential nominee acknowledged that the plan won't get past senate democrats or president obama. instead, he said, it's an opening bid. >> will the president take everyone of these solutions? probably not. are a lot of these solutions very popular and did we win these arguments in the campaign? some of think so. and so what we're saying is here's our offer. here's our vision. eiras how we propose to balance the budget and grow the economy, repair the safety net, save medicare. >> reporter: be democrats quickly charged that ryan's math, especially on taxes, does not add up. he would eliminate most deductions and lower tax rates. white house spokesman jay carney said ryan asks nothing
way, both by smart cuts, by closing all of those tax loopholes for high-income people. by the way, mitt romney and paul ryan talked about during the campaign -- those tax breaks are all still there. by eliminating those tax breaks, we can take a balanced approach to reducing the long-term deficit. which is an issue. but you shouldn't sacrifice economic growth now, on the altar of deep cuts and an austerity philosophy. >> i want to bring the panel in because you know, the congressman talks about making smart cuts now. what's in it for democrats to do any grand bargaining at all. any savings that would be applied in cutting the budget, would not be applied to their priorities. it's not as if you're going to reduce government spending on x and spend it more on the poor, spend it more on things democrats care b. why are democrats arguing for a budget at all? >> you and i don't agree on this, joanne. i think long-term, as congressman van holland says, you have to create a sustainable budget path. with the baby boomers, retirement and all sorts of other huge coming costs, we need to hav
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
: tax time. hate to remind you about that, but millions of americans are preparing to pay uncle sam. they're looking for a tax break as well, like the government tax credit. as much as $7500 for environmentally friendly electric cars. while ads say these cars produce zero emissions, our next guest says that may not actually be the case. in fact he says green cars have a dirty little secret and tax breaks for them may not be in the best interests for taxpayers. he is the author of, cool it, skeptical environmentalist. he wrote an article in the "wall street journal" just the other day, the dirty secrets about electric car. what is a dirty little secret about what is supposed to be a clean car? >> they don't emit co2 when driving on the road but they take up a lot of co2, fossil fuels when they're being produced. they take up as much as it would take to drive 80,000 miles when it gets produced because battery are incredibly energy costly to produce. then at the same time, of course you actually recharge them with electricity. that is also mostly produced with fossil fuels. jenna: so i
a budget proposal yesterday. without adding additional taxes. expected to release proposal soon. with it may come nearly a trillion dollars in additional taxes for americans. joining me now is congressman of chicago. congressman, talk to me first about the democrats plan. we are reading it could include another trillion dollars in tax increases. is that true? >> i think it will be a balanced plan. when you look at what we have done already and we have done about 2.5 trillion in deficit reduction, it has been far more waited. this will continue to have a balanced program going forward. it is a bit of a retread to what they did before the last race. melissa: they will have to be reconciled. let's talk about adding more revenues or tax increases. do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling
on this sort of moderate budget course he's trying to strike, which is part tax increases and part this alleged spending cuts, nobody is really for that and too vague and also used the word gut g-u-t when it refers to medicare i think is the beginning of the 2014 mid term elections, where the democrats are going to come after the republicans and paul ryan on gutting or slashing, their words, medicare. and i think that that action, you see it in the-- the democratic congressional campaign committee twitter feed is really where the democrats are headed. >> jon: when the president says a balanced budget is not his goal, is that his words? >> i think most reporters are used to hearing this and bush must have said it at every state of the union and and it's sort of boiler plate when people promise it. i think expecting the president to say he wants a balanced budget is putting it in the republican paradigm. most liberals don't think it's the short-term goal. the goal is to avoid austerity and keep the economy moving and in the long run balance the budget, but it's not a short-term goal. >> jon: what
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revenue mostly due to closing the tax loopholes on the rich. adds $100 billion in stimulus spending. compensates for the $85 billion loss of a sequester and fights unemployment and cuts $975 billion in spending. for more, let's go to our old friend, florida democratic congressman, your friend and ours alan grayson, good evening, congressman. thankthankthank you for joining us. >> thank you. >> john: paul ryan wants to cut while repairing the social safety nets. wouldn't cuts of that size pretty much slash the safety net? >> absolutely. look, let's start with the affordable care act. he wants to eliminate the affordable care act, repeal it but he wants to count all of the billion dollars in affordable care act down to -- in order to say that he's paying down the deficit. let's talk about medicare. in order to save that program he's going to destroy it. he's going to eliminate every single guaranteed benefit under medicare, replace that with a check that everybody knows will not be enough to get the same benefits. >> john: exactly. >> in one case after another you look at his principl
at this point. >>> h&r block software glitch is delaying some 600,000 tax refunds up to six weeks. you're affected if you claimed education credits using form 8863. they say you're okay if you filed after february 22nd. the problem is fixed now. it is working with the irs to get people their money as fast as they possibly can. >>> a 16-year-old allegedly rained by two star high school football players in ohio town in shock and outrage as the trial opens. next, the latest from steubenville and we will hear from our legal experts. stay with us. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air. and kids six years and older. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or m
given pedestrian a save place to walk. >> our taxes go to that to make it look nice and we brag about it. >> the bta spokes woman said no additional tax mayer money will be used. in san jose, alex savage, ktvu channel 2 news. >>> california officials announced a new partnership with the federal government to bring two large solar projects to california. governor jerry brown held a press conference with interior secretary ken salazar. the projects are in riverside county. they'll help california reach itself goal to get a third of its energy from renewable sources from 20/20. >>> one south bay teenager is taking home more from her washington trip. >>> and it feels like an early spring out there with some places in the 80s today. our chief meteorologist, bill martin will let us know about the temperatures. >> you can still watch ktvu newscast. get the app or go to ktvu.com. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording
almost $1 trillion in new tax revenue. closing loopholes on the big corporations, in many cases don't even pay taxes. republicans are already blasting the plan. they support congressman paul ryan's budget proposal which seeks to balance a budget without any new taxes, only spending cuts. it also calls for repealing president obama's healthcare overhaul, something that democrats say, well, frankly, it can't happen. mike emanuel with the news live on capitol hill tonight. it was the democrat's turn. what did they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate democrats up for re-election 2014 will feel about voting on a
. to bury the economy? >> dana: the goal initially was to raise taxes, which they accomplished in january. when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask this question over and over. i'll ask it again. what was it today when you woke up in the morning about the debt that affected your life? the answer is absolutely nothing. the idea of trying to balance -- >> dana: if you're unemployed it might. >> bob: no. no. it has nothing to do with being unemployed. >> eric: you can't throw that premise out there on the table that unaffecteded by the debt. the china says we won't take 3% for the money, we want 6% or 9% or 10%, we're done. game over. they win. >> bob: they destroy themselveses in the process. >> kimberly: bob as a popular opinion for democrats. debt don't m
taxes. >> ultimately, it may be that the differences are just too wide. if their position is, "we can't do any revenue," or, "we can only do revenue if we gut medicare or gut social security or gut medicaid," if that's the position, then we're probably not going to be able to get a deal. >> reporter: after the president left, house speaker john boehner replied that it's mr. obama who's the obstacle to getting a deal. >> we have a spending problem. we have to attack the spending. and the president understands, yeah we've got some long term spending that we need to deal with. but he's going to hold hostage the fact that he wants to raise taxes on the american people again. that's not going to get us very far. >> reporter: some republicans, such as house budget chair paul ryan, on msnbc today, also questioned whether the meetings with lawmakers are just for show. >> the question is, is he going was the so-called charm offensive a temporary, you know, poll-driven political calculation, or was it a sincere conversion to try and bring people together and start communicating? >> reporter: ot
swallowed a man in the middle of his golf game. trapped in a pile of mud 18 feet below ground. >>> and a tax season snafu causes refund delays of more than a month. find out if your refund is one of them. live in the cnn newsroom. >>> good morning. thank you for being with us. i'm carol costello. we begin this morning at the vatican, where billowing black smoke reveals the catholic church is in search of a leader. cardinals have voted three times now and have not selected a new pope. things get even more interesting. the cardinals enter the conclave with no clear front-runner and we are wondering, if the election is deadlocked or if they are ziering in on a successor to pope benedict. chris cuomo, let's start with you. the cardinals breaking for a long lunch. how much has this process been pushed along? >> well this is the most important part of the day you could argue, carol. they are not allowed to politic in the conclave. more of a religious ceremony than a convention this is their chance. they eat, rest, move around, go in different rooms. we are told, of course, they take time to pray.
's described as about as complex as doing your taxes and that's only the first part of the process toward getting your new obamacare health insurance. trace gallagher has more from our west coast news room, trace. >> reporter: if i can, megyn, take you back to when then speaker nancy pelosi said this about obamacare. >> we have to pass the bill so that you can find out what is in it away from the fog of the controversy. >> reporter: well, how is this for getting through the fog of controversy? if you want to find out what's in the bill, take a look at this, right? there's a little itty bitty pile on the right. that's the actual bill. that's 2700 pages. now, the original bill, there it is, that thing next to it, that tower, seven-foot tower, that's 20,000 pages, that's the regulations that go along with obamacare. now, of course that's silly, none of us has to go through and read that thing, right? if you want to apply for obamacare in the form of medicaid or the children's health program, you will need to fill out this 21-page health and human services application and you might need a l
a plan to balance the budget in 10 years without raising taxes. that plan would repeal the president's health care law, convert medicare to a voucher voucher-style system and cut federal pensions. it is similar to a budget plan that he offered last year. today the senate democrats unveil a plan of their own. >> boy scouts have sent out a questionnaire on a potential change in policy banning gay scout leaders and members. the survey e-mailed to 1.1 million adult scouts has five questions including, is it acceptable for a gay and straight scout to share a tent overnight? the scouts posing such questions as the organizer tries to determine whether to lift or modify the gay ban. leaders will vote on the issue in may. >> the woman now accused of salting a young girl in a san francisco park. >> another trial run for taking bicycles on bart. commuters get a chance to take the bike along for the road. >> new date announced on which a famed >> south san francisco struggling ferry service is coming up with new ideas to get more people on board. the oyster point ferry between the peninsula and
. it calls for raising taxes on everyone earning more than $250,000 a year. spends a trillion dollars on public works projects over ten years. >> right. >> you say it will create 7 million jobs by next year. it does not, however, balance the budget. that's something also that the president has talked about. won't this be dead on arrival in the republican house? where do you see this document fitting into the debate? >> first of all, let me say the ryan budget is dead on arrival. so our budget stands, i think, it's better than his does. at least we're doing what the american people want which is to put people back to work. chris, i'm looking for the day where we can evaluate a budget based on whether it puts americans back to work. we don't need to balance the budget in ten years. we need to make steady progress toward reducing the ratio of gdp to deficit. that's what we need to do. what we really need to do and the crisis we actually have is a jobs crisis. we need to put our infrastructure in good repair, which we don't have now and we need public employees like teachers, firefighters
it on friday because my tax burden is now so high then i had to pay agent commissions. all of that. it wasn't worth for me to do it. i can't do it not worth my time anymore. three or fewer people then didn't lose their jobs entirely but they loss a big portion of their jobs because i walked away from a situation which wasn't economically tenable anymore because the federal and state government in new york, okay, taking too much money. it's not worth me doing it anymore. and this is what i'm talking about, juan. that the giant colossus of take, take, take, from me the entrepreneur, is harming the economy and that is one small example that's irrefutable, juan. >> i think it's irrefutable in your very high level situation. but i think most people would look at you, bill, and say well you do your tv show, you do your wonderful book. it certainly hasn't stopped you from being an active part. >> bill: people there is going to come a time that it's not just going to be worth it anymore, juan. then a lot of people are reaching that go ahead, mary katharine. >> that's the thing, bill. many folks wit
this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. ♪ >> announcer: this is the "bill press show," live on your radio and current tv. >> bill: hey, twenty-six minutes after the hour. thursday march 16th and the new pope. it's not francis i, it is just francis. >> so after he is gone they will refer to him as francis i. >> bill: no -- >> if there is a second francis -- >> bill: if there is a second francis, but he is the first pope in like a thousand years to take a new name. >> i was really hoping to see another pope bonaface. >> bill: call up francis and tell him what you think. joey out in chicago, hey, joe which has an opinion on everything. hey, joey, good morning. >> caller: good morning guys. good morning gentlemen. he is a little too old fashioned for me bill. he took the name francis which is totally for the po
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>peter: the 115 cardinals are going to stay in rome and try to find a replacement for joy bayhar on "the view." >>alisyn: it took only two days for the 115 cardinals to make a decision on electing cardinal bergoglio now known worldwide as pope francis. >>brian: here with us to offer thoughts is carl anderson from the knights of columbus. he is live in rome. carl, what do you take from this decision? >> this is another marvelous example of what's happened so often in history in the catholic church. continuity in change, as if the cardinal electors were reading writings on charity when they voted for our new pope francis. 35 years ago the conclave gave us a new pope from pola
plan. he says it will balance the budget in 10 years without raising taxes. it requires future medicare patients to pay more and scrap the president's healthcare reform law. >> we want to prevent this law which we believe will damage families in america. >> reporter: democrats say there are cost savings in the healthcare law. >> it is an absolute hoax to say on the one hand that you're balancing your budget and on the other hand, that you're eliminating obamacare. >> reporter: senate democrats will deliver their own budget wednesday. they argue ryan's plan to overhaul the tax code will hurt the middle class. >> sadly, you're going to eliminate the most basic income tax deductions for working families. >> reporter: the president is working to help lawmakers find some common ground. but republican senator jim inhoff says the two sides are too far apart for these meetings to make a difference. >> the term of personality and intimate relations is one thing but it won't bridge the gap. >> reporter: the president will be on the hill wednesday and
they have to in whatever way, shape or form they must to protect their loop holes in the tax code, to protect tax rates. they will do whatever they have to in order to preserve their special interest. so the president has an obligation it reach out to grass roots and to reach out to as many people as we can to participate in our battle for right priorities for the middle class and retiries in this country. >> we have to leave it there. congressman steve israel, thanks for being with us today. >> thanks, andrea. >>> what stories will make the 24 next on "andrea mitchell reports." ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, f
what the fundamental differences are. both parties have come out strongly in favor of examining the tax code for loopholes, deductions, exclusions, and ways that money sort of leaks out of the tax system. both parties have said they want to do that, but the real difference is that what do they want to do with the money? the house budget would take the money generated and provide another tax cut would go i believe disproportionately to the wealthy, and the budget that we passed out of the committee yesterday would take that money and apply it to deficit reduction. i think that is as an independent as somebody who has looked at the issue as to me this is a reasonable way to do it, particularly when you look back to 2011 when we started this deficit reduction process, and if you add what has been done since 2011 in the way of cuts and revenues and to the budget that was passed yesterday, it comes out 65% cuts and 35% revenues. that is a reasonable balance that the american people can p support. >> all right. senator angus king, we have to leave it right there, and thank you for your time
&r block saying about 600,000 tax refunds will be delayed due to a form change the company learned about after filing hundreds of thousands of returns. >>> and do you remember this video of a 62-year-old woman -- man, rather, shooing a shark away from australia beachgoers back in january? well, it turns out he and his wife were on sick leave for stress. the couple worked at the same charity in wales, and their bosses saw the viral video, and they're both now -- they've both been fired. >>> now to other stories that caught our eye. in sarasota while catholics are waiting for smoke, one church decided to release their own pink plumes. priests and other churchgoers watched pink smoke rise to symbolize their hopes that the newly elective pope will be supportive of gender equality within the church. >>> one washington state mother will not be sporting mom of the year gear any time soon. the 24-year-old was filmed letting her 22-month-old son smoke from a bong. the boy's father was later arrested as officials found as many as 40 marijuana plants and several guns within that home. >>> detective
's allowances, tax breaks for home ownership for simple reason, they work. she goes on, it is surprising that we haven't already put the solution to more widespread or better use. so, she is responding to this new campaign in new york that critics are calling hostile and stigmatizing towards teen parents. you see this display here. these are babies, their pictures are shown. the little girl here says, honestly, mom, chances are he won't stay with you. what happened to me? erica was going to come on and speak with us today, personal reasons she couldn't quite make it. we wanted to just discuss her idea. erin ashburn, mara davis, jack moore, and belmonte jones. welcome to all of you. i'd like to hear from you first. tell me, what do you think paying teens not to get pregnant. good idea, bad idea? >> here's the thing, who's going to rationalize with the teenager, right? if you've got a kid that's 14, 15, 16, whatever you're saying to them now is not something that's going to hold true. when you're at a party, when you like a boy, you're going to do what you want to do. >> you don't think money talk
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. a developing story to tell you about coming to us from upstate new york. police are believed to have surrounded a man who is wanted in a shooting spree that left four people dead, two other people critically wounded. the standoff is taking place right now in herkimer county. cnn national correspondent deb feyerick is live on the scene for us this morning. >> reporter: good morning, soledad. right now police are just trying to wait out the suspect. 54-year-old curt myers. hold up a block away from me. this is main street. this is an area where the police station, the fire station, all within walking distance. so he's picked a very public area in which to do this. the standoff began about 15 hours ago, e
lobbying forces on capitol hill and they are involved in a variety of issues. >> tax exempt religious groups are prohibited from campaigning. the research group estimates the u.s. conference of bishops spent $26 million lobbying in one year. a figure the bishops would neither confirm nor deny. >> he spent 14 years behind bars for a crime he did not commit. today we speak with an east bay man recently exonerated. why he is staying positive. >> surprising new findings on mars and why scientists may want to rethink calling it the red planet. [ teen ] times are good, aren't they, kids? it's nice having u-verse, isn't it? see back in my day, we didn't have these newfangled wireless receivers. fangled? no, we watched march madness in the living room... that's where the tv outlet was. what is he talking about? and if mom was hosting her book club that day, guess what...you missed it! we couldn't just move the tv all willy-nilly all over the house. ohh! ohh! kids today have it so good. ok. [ male announcer ] call to get u-verse tv starting at $19 a month for 2 years with qualifying bu
. >>> the budget war continues on capitol hill. democrats will release a competing plan which includes tax increases of nearly $1 trillion over the next decade. >> it is about two minutes till the top of the hour as we look at the good, the bad, and the ugly. up first, the good. a college student getting the chance of a lifetime when he is asked to perform with billy joel and the singer said yes. [singing] >> one of my favorites. this happened during a question and answer question at vanderbilt university. fresh man michael pollack said it was the greatest moment of his life. for the bad, a proposal ends in arrest in southern california. a man and three buddies face charges for blocking the busy highway to pull off the surprise. the bright side is his girlfriend said yes. >> in jail? >> finally the ugly. what you see is not always what you get. check it out. a teen getting in over his head accepting a bet from his friend to jump into what he thought was a simple puddle. the video has now gone viral. >> that's some ugly. "fox & friends" starts right now. >> goodbye. >> good morning. it is w
is south carolina democratic congressman, james clyburn. a $1 trillion increase in tax revenue proposed by the murray plan, 4.$4.25 trillion in savin through 2023 and when democrats include tax revenues, sir, and defense cuts, aren't they basically doing the same thing, starting at a nonstarting point? >> well, thomas, first of all, thanks so much for having me. look, i think that what we've got to do is get real here and think about what the future holds for this great country of ours. i would suggest that both sides start locking ourselves into this ten-year window and that's what is giving us a real lot of pain. let's look at maybe a 20-year budget. i believe that the president did a 20-year budget the last time out. if we look at a 20-year window, most experts i talked to tell me that the big savings come in year 13, 14, and 15. so if we were to see a change in the trajectory going out to 20 years, i do believe this would give us much better definition for both sides to find some comfort levels. we're not going to get it in the ten-year period because we cannot. we democrats cannot
republicans today. talking about spending, taxes, other critical issues. dana, are you with us? >> reporter: i am. can you hear me, wolf? >> now we hear you. >> reporter: good. to answer your question the timing couldn't have been more fascinating because it was about a half way through the president's meeting with house republicans that we all saw the white smoke. when he came out we asked him about that. >> mr. president, what about the new pope? >> mr. president, are you upstaged by the new pope? >> i made the announcement we saw smoke but i haven't actually seen the official announcement of name so we look forward to hearing about it and i'm sure it is going to be -- >> what about the white house tour? will there be white house smoke here. >> you're straining the analogy. >> how'd it go? >> good. i enjoyed it. it was useful. thank you. >> now, when we heard about the pope we were e-mailing with people in the room asking if people there knew about it. at the beginning there was hub bub but then it turns out the president was handed a note by his deputy chief of staff telling him the news an
. in 1950 the population of detroit, 1.8 million and today 700,000 which means that tax revenues have plummeted. so if raising taxes is not the answer then of course you have to lower spending and today the mayor said that everyone is going to have to give a little. listen. >> bottom line here is that we must stop fighting each other. we must start to work together and so, i'm happy that now i've got teammates. i've got partners that can help me do some of the things that need to be done in our city. >> reporter: of course, if they can't work it out, detroit would likely have to file for bankruptcy, which that would be the largest u.s. city ever to do so, harris. >> harris: you know, part of what we've watched in that city is their own internal politics and workings keeping them from going forward, in some cases. the city council, i understand is not exactly embracing this plan to go forward. >> no, and the city council had threatened to sue and late today decided against that, but the city council president still called the mayor a quitter for agreeing to this plan. i mean, you thin
will have to wait an extra six weeks for their tax refund. the irs says some tax refunds that claimed educational credits were filed improperly. the agency isn't saying who is to blame, but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed that it's working with the irs to get the refunds out as fast as possible. >>> the long national nightmare is over. twinkies are coming back. >> thank goodness! >> i know, right? they could hit the store shelves by this summer. now we can solve the sequester, everything will get better. this is after a group of private equity firms agreed to buy bankrupt hostess for $410 million. hostess has not been making any new twinkies since november, when the company filed the liquidated business after a bakers union strike. >> now i can stop thwarting my twinkies. i didn't grow up on sweets, but i love twinkies. >>> 25 minutes after the hour. ahead on "early start," we're keeping an eye on vatican city for any possible word of a new pope. >>> plus, you sure like them, you post them on your
of your paycheck with the social security tax increase. it rose from 4.2% to 6.2%. so if you earn $50,000 a year, it costs you $3100. $6200 a year if you make 100 k. $12,400 if you make 200 k. so the numbers really do add up. despite the optimism from that retail sales number, a dough winning streak was in jeopardy. right now the market is still positive but it's only up seven points. still, of course, near that record territory. up 10% so far this year. the s&p right now, last trade is up 1.70%. that's about a tenth of a percent increase. nasdaq is up three points. and gold is trading down $6.30. >> the private equity world has been pretty much offlimits for anyone outside of the 1%. a lot of people eager to get in are now asking this question. is this a club i really want to join? the new developments in private equity. >> the numbers would make you want to say no, you don't want to join this club. but money managers earn a fee for every dollar they invest. the more assets they have, the more they get in fees. now the firms are public and looking to increase that. one way they are d
of the fiscal cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's a disincentive for job creation. wonderful reforms to get that economy rolling again and jobs created again in the house budget. we look forward to the debate that's going to come. >> tom price joining thus morning. thank you for joining us. >> thank you, soledad. >> you bet. >>> actress gwenneth paltrow has an interesting rule for her children. no carbs. we'll talk about that. and we'll talk about jillian michaels if that's healthy at all. she has written a new book called "slim for life." she is ahead. ♪ looking for a litter with natural ingredients that helps neutralize odors. discover tid
by $2 trillion through tax hikes and spending cuts. gop leaders say the plan will raise taxes without balancing the budget. >> we believe we owe the american people a balanced budget. >> reporter: republican paul ryan's budget released tuesday balances the budget in ten years. highlights include repeal of the health care law, an overhaul of ped care making it a private insurance plan funded by vouchers and unspecified reforms of the tax code with a goal of creating two brackets -- 10 and 25%. >> to inflate the claims of deficit reduction. >> reporter: hours after the president meets with house republicans he will speak at a dinner for organizing for action, the retooled version of his campaign in a move that's rankling some republicans saying it runs counter to his outreach. despite the rhetoric, lawmakers haven't ruled out the possibility of a grand bargain for deficit reduction. that seems like tough sled eing given how sharply divided both sides remain. matt? >> kristen welker at the white house. thank you very much. >>> we have an important health alert this morning tied to the co
are weighing whether to add nearly 1 million saturn auras for brake problems. >>> h & r block says tax refunds will be delayed to a family room change the company learned about after filing hundreds of thousands of returns. >>> do you remember this video of a 62-year-old plan shooing a shark away from australia beachgoers back in january? it turns out he and his wife were on sick leave for distress. their bosses saw this viable video and now they've both been fired. >>> well, while the cardinals vote for a new pope, is it time for the catholic church to take another look at women in more prominent roles? plus a good old counterfeit cash story. you're watching "first look." oo? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. and you wouldn't have whatit any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only
of thousands of students are going to have to wait up to six weeks longer for tax refunds because of a filing error at h&r block. the tax preparer software didn't fill out one form properly. the mistake could affect when the students can apply for financial aid. h, and r block says it is working with the irs to fix this problem as quickly as they can. >>> a health alert about breast cancer treatment. a new study finds that radiation increases a woman's risk. a study find that radiation increases a woman's risk of heart problems even with lower doses used today. the risk starts five years after treatment and lasts for decade. expert say this doesn't mean fewer women should have radiation they should be more carefully managed or manage risk factors for heart disease. >>> and with that, here is a look at your weather. late day showers and mountain snow in the pacific northwest. warming up in the southwest. light snow around minneapolis, milwaukee and chicago. scattered snow showers in northern new england. >> blustery in the northeast. climbing into the 40s from boston to baltimore. 30s in the m
opposition to the new taxes by going around gop leaders or rolling right over them. >> i don't think it's to break or go around them. i think it is to identify what i call the commonsense caucus, which says we can do sensible deficit reduction with a combination of entitlement reform, some judicious spending cuts, closing some tax loopholes that nobody really defends on their own and that's what i've been talking about for the last two years. >> that commonsense caucus on the republican side, lindsey graham, kelly ayotte, other senate republicans say you see a lot more entitlement reform from you before they can sign on to any new revenues like putting -- raising the medicare eligibility age back on the table. is that back on the table? >> well, one of the things, you know, that i've discovered in some of these dinners, which is useful, people don't actually know what i proposed and it's a lot easier to have a conversation when there's something specific. >> even those who have seen your plans say they need to see more. >> i understand which at some point i take myself out of this. what
. >>> democratic lawmakers in minnesota are considering a snack tax. some retailerses say they can't stomach it. the tax would affect products like chips, prets zels and trail mix but only smaller than eight ounces. the bill is facing opposition who say it will create confusion. >>> a dramatic crash landing captured on video in california as a sky diver spins out of control. he was falling too fast for his parachute to deploy correctly. his terrified jump partner watched the entire thing unfold. >> i was pretty sure i was about to watch my friend die. >> i completely lucked out. god watches out for idiots and puppy dogs. we just walk away. >> incredibly the sky diver suffered only a dislocated shoulder along with nasty bumps and bruises. conservatives gathering in washington for a three-day meeting that could reshape the republican party. this year's conservative political action conference comes on the heels of gop losses in the house last fall and mitt romney's defeat in the race for the white house. joining me now, chief of staff for newt gingrich's 2012 presidential campaign. welcome. >> ho
. yesterday, senate democrats unveiled their budget plan calling for increases in both spending and taxes. the republican budget plan focuses on cutting spending. president obama will release his budget ideas early next month. >>> and now we're finding out how various government agencies are implementing those automatic sequester spending cuts that took effect march 1st. the interior department, for instance, will cut visiting hours at all 3998 national parks and -- 398 national parks and they are not hiring thousands of seasonal workers. the agricultural department is cutting travel spending. that will mean 2100 food safety inspections and the transportation department will start furloughing air traffic controllers next month. that is expected to cause flight delays. >>> 7:16. you may not know this but your banking information is already available to the fbi. as ktvu's kyla campbell reports from our washington, d.c. newsroom, the obama administration is now making a push for all spy agencies to have the same access. >> reporter: there's a report out from "reuters" and it says there is a
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